Funds are buying gold because they notice the decoupling from the euro and the decoupling from the energy market.
More Quotes from George Gero:
They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined.George Gero
There doesn't seem to be an end to the reasons why people want to keep moving into the gold.
George Gero
We have a good rally going on because of what's going on in Saudi Arabia. It is Friday and nobody wants to be short the gold over the weekend, so up go all the metals.
George Gero
It was triggered by the dollar, the yen, and of course the idea of 70 crude. (Higher) oil didn't help the stock market, so investors were looking for another place to put their money and they seem to be looking at the metals.
George Gero
Every time we've had a major pullback, it's been what people would call an opportunity to buy on a dip, You're getting some bargain-hunting in silver and you're getting some bottom-picking in gold.
George Gero
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